Hello, how do I set Position Limits (For pyramiding strategies) In other words set how many max entry orders in the same direction as current position for both back testing and live trading? Is there a Wealth Lab strategy Building Block that will do max position sizing? Maybe "Open Position Count" would work? If so how? Thank you.
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In blocks, select multiple positions at the top.
For sizing, select Advanced Pos Sizer and try Pyramiding > Configure.
For sizing, select Advanced Pos Sizer and try Pyramiding > Configure.
The position size control itself allows you to establish Max Open Positions and Max Entry Signals. Is this enough?
@Glitch, @Cone, Thank you does this work in Live trading or only in Backtesting mode? I also would like it to work in my live trades if that is possible?
It will work for market orders, but not for other order types until WL9 is released. The Order Manager in WL9 has special logic to hold orders until a Max Open Positions slot becomes available. It's a real step forward in automated trading for us.
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